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From crystal gazing the current government and understanding the fate of those in the states headed for polls to what the future holds for the newly formed opposition alliance and understanding how Indians across different sections cast their ballot, the C-suite executives of India Inc desire to know it all, pollsters and poll pandits said.

Dr Reddy's Laboratories has got a go-head from the Subject Expert Committee (SEC) under India's drug regulatory authority to conduct a bioequivalence study required to establish the safety and efficacy of the blockbuster weight loss drug Semaglutide on the Indian population. Dr Reddy's had approached the SEC in April with a proposal for manufacture and marketing of synthetically developed Semaglutide injection 2mg/1.5ml (1.34mg/ml) and Semaglutide injection 4mg/3ml (1.34mg/ml). The company had also sought a waiver of BE study and Phase III clinical trial. However, the SEC recommended the company conduct a bioequivalence study and asked it to submit the protocol for the same for further review. At a SEC meet on September 29, «the committee recommended for grant of permission to conduct bioequivalence study as per protocol presented by the firm,» as per the minutes of the meeting. The committee said the Phase-III clinical trial waiver can be considered based on the review of the bioequivalence study report by the committee, it further said. ET has seen the minutes of the meeting. If all goes as per plan, the injection could be launched in a year, an industry insider said on the condition of anonymity. The drugs — Wegovy and Ozempic — that share the same ingredient, Semaglutide, are all the rage ever since Elon Musk tweeted about it.

savings scheme for senior citizens have surged after the government doubled the limit in the budget, crossing Rs 1 lakh crore in the first half of the fiscal year. The Senior Citizen Savings Scheme mopup until September 23 this fiscal was two-and-a-half times higher than the Rs 40,000 crore collection during the same period in FY23, a senior finance ministry official said. A new small savings scheme for women introduced in the budget is also off to a good start, having garnered Rs 13,500 crore until September 23, the official told ET. The deposits are expected to keep rising in the coming months. The Centre has budgeted Rs 4.71 lakh crore from the National Small Savings Fund (NSSF) in FY24, against FY23 revised estimate of Rs 4.39 lakh crore, to finance its fiscal deficit, which is pegged at Rs 17.87 lakh crore. The FY24 budget raised the deposit limit under the Senior Citizen Savings Scheme to Rs 30 lakh from Rs 15 lakh. The scheme has been fetching an attractive interest of 8.2 per cent since the June quarter, against 8% in the March quarter of FY23. The interests are payable every quarter. The scheme has a tenure of five years, with a facility for a three-year extension upon maturity. Premature closure is allowed, subject to a penalty. The Mahila Samman Savings Certificate, however, is a one-time small savings scheme that will be made available up to March 2025. The scheme has a maximum deposit limit of Rs 2 lakh at a fixed interest rate of 7.5 per cent, with a partial withdrawal option.

₹112.55 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹8,517.96 crore of Indian equities, while they sold ₹8,254.28 crore --- resulting in an inflow of ₹263.68 crore on Tuesday. Meanwhile, DIIs infused ₹6,492.43 crore and offloaded ₹6,379.88 crore, registering an inflow of ₹112.55 crore.

real estate services and investment major ESR Group is planning to develop a large logistics park spread over 1.4 million sq ft in Nagpur and has acquired 58 acres of land for the same. The Hong Kong Stock Exchange-listed company will be investing over Rs 400 crores for the construction and development of the warehousing hub, ESR Nagpur Logistics Park 2, which will be its second logistics park in Nagpur and its twentieth park in India. The park is being designed to accommodate 10 buildings, with each building size ranging from 67,000 sq ft to 190,000 sq ft to meet a broad spectrum of tenant needs ranging from e-commerce to third-party logistics (3PL), retail and fast-moving consumer goods (FMCG). “ESR’s investment in this new grade A asset builds upon the robust response to our first logistics park in Nagpur. Our flagship 22.5-acre development, ESR Nagpur Logistics Park 1, has been operating at full occupancy since completion in 2020 having attracted high-profile tenants from retail and e-commerce domains… Our work is focussed on driving long-term sustainable growth of the economy and uplifting local communities,” said Abhijit Malkani, CEO, ESR India. According to him, the company is looking to harness Nagpur’s strategic advantages and support the burgeoning demand for new economy spaces with this second logistics park in the city.

Bengaluru (Karnataka) [India], October 17: Oda Class's journey in the EdTech realm has been nothing short of remarkable. Oda Class has solidified their position in the educational sector, demonstrating that with the right support, institutions can overcome financial hurdles and continue their noble mission of enlightening young minds. In an era marked by technological advancements and the ever-growing demand for quality education, Oda Class has emerged as a pioneering force in transforming traditional learning into an engaging and highly effective experience for students of all backgrounds.

Also Read: Multibagger PSU stock MMTC jumps 150% in six months. Experts see more upside Earlier this year, capital markets regulator Securities and Exchange Board of India (SEBI) cancelled the registration of MMTC Ltd as a stock broker for its involvement in illegal ‘paired contracts’ in a case pertaining to now defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, SEBI directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by it within 15 days.

Also Read- NALCO, NMDC share prices gain as nod for royalty rates for Lithium, REEs lift prospects Going ahead, commentaries from the companies will be critical as the price-cost effect outlook (particularly for ferrous) is likely to take center stage, said analysts at ICICI Securities. Their top picks include Jindal Steel and Power Ltd (JSPL), Jindal Stainless, and Shyam Metalics.

Inox wind(up 7.92%), Inox Wind Energy(up 5.38%), Suzlon Energy(up 4.98%), CESC(up 4.16%), Power & Instrumentation(Gujarat)(up 2.28%), RTNPOWER(up 2.21%), Power Grid Corporation of India(up 2.02%), NHPC(up 1.82%), Adani Power(up 1.77%) and Orient Green Power Company(up 1.47%) stood among the top gainers. Alstom T&D India(down 3.47%), Indowind Energy(down 2.79%), Karma Energy(down 2.51%), Kalpataru Projects International(down 2.07%), Indo Tech Transformers(down 1.28%), SJVN(down 1.25%), Voltamp Transformers(down 0.95%), KPI Green Energy(down 0.63%), Transformers and Rectifiers(India)(down 0.26%) and Torrent Power(down 0.02%) were among the top losers of the day.

By Maria Martinez

Navratri marks the beginning of the festive season in India. The festive season has already kicked in, it's the ideal moment to start organising your holiday travels. Everyone awaits this time of the year. The time of festivity provides a wonderful chance to escape the daily stress and tensions, allowing you to reconnect with your dear ones. Along with travel plans, comes budgeting and careful planning

Dolly Khanna portfolio: Shares of Talbros Automotive Components Ltd have delivered stellar return to its shareholders in new financial year 2023-24. This Dolly Khanna stock has surged from around ₹390 to ₹1,140 apiece levels on NSE, delivering to the tune of 200 per cent in last six and half months. However, it seems that Chennai-based investor Dolly Khanna is still finding steam in this multibagger stock.

Indian stocks, which has delivered stellar return to shareholders in YTD. This Indian auto major has backing of various mutual funds and state-owned insurer Life Insurance Corporation (LIC) of India.

The net AUM of Balanced Advantage Funds (BAFs) reached over Rs 2.14 lakh crore as of September 30, according to AMFI data. The BAFs have seen increased net inflows since July 2023 as investors have turned to them seeking stable returns.

Sunaina Mittal has never let out any property to anyone in her entire life. But last year, while checking details on the income tax portal, she found that her Permanent Account Number (PAN) was misused by someone to claim fake HRA tax exemption. Surprised, she filed an RTI application before the Central Public Information Officer (CPIO) of the Income Tax (IT) Department to find out details of the person who had wrongly used her PAN to claim HRA.

Israel-Hamas war LIVE updates: Heavy Israeli airstrikes pound Southern Gaza Apart from the ongoing Israel-Hamas war, inflation, interest rates trajectory and quarterly earnings remain important triggers for the market. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) While the persisting risks of global economic slowdown, higher interest rates and sticky inflation keep the markets worried, fresh geopolitical concerns have added to the worries.

Nifty stocks that currently exhibit this pattern. But first, let's understand what the Golden Crossover is and why it holds value for investors. The Golden Crossover is a crucial technical indicator that signifies a potential shift in market sentiment, marking the beginning of a bullish trend.

midcap stocks achieved historic milestones by reaching new all-time highs on October 17. These remarkable performances highlight the strength and growth potential of these companies, offering investors a diverse range of opportunities in both the large and midcap segments. The data was sourced from StockEdge at 1:15 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Ashish Kacholia trimmed his stake in smallcap stock Xpro India by 42 bps during the September 2023 quarter, taking his holding in the company to 3.91%. Kacholia held a 4.33% stake in the company at the end of the June quarter. According to a July 9 filing on BSE, Kacholia trimmed his equity stake by 52 bps to 3.81% but later added 10 bps to bring it to 3.91% at the end of the September quarter. Xpro India is a diversified multi-divisional company with business interests in polymer processing.

Cyient DLM shares rallied 9% to Rs 748 in Tuesday's trade on BSE after the firm reported a net profit of Rs 14.6 crore in Q2FY24, which jumped 106.4% compared to Rs 0.71 crore in the corresponding period of FY22-23. Its revenue from operations climbed 71.5% year-on-year (YoY) at Rs 291.8 crore in the September quarter of FY 23-24, compared to Rs 171.55 crore. However, the EBIDTA was not up to the level as the firm reported Rs 23.5 crore during the Q2FY23-24, while the margin dropped 571 bps YoY. Following the Q2 results, brokerage firm Motilal Oswal said, «Cyient DLM reported robust revenue growth of ~72% YoY in 2QFY24, led by strong traction in the Aerospace and Defense vertical.

Bajaj Auto is expected to report mid-single-digit revenue growth in the second quarter of the current fiscal, mainly driven by better realisations despite a drop in volumes. Volumes for the September quarter declined 8% year-on-year (YoY), led by a 19% fall in the domestic two-wheeler segment due to base effect, and a 5% dip in export two-wheeler segment due to weak demand trends in African and South Asian regions. Revenue for the quarter is seen growing anywhere between 6-8%, while profit is likely to rise about 16%, according to an average estimate of three brokerages. EBITDA margin expansion YoY will likely be driven by better net pricing and product mix.